|Bid||64.31 x 38500|
|Ask||64.99 x 1000|
|Day's Range||63.65 - 64.94|
|52 Week Range||61.54 - 106.96|
|PE Ratio (TTM)||29.38|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||2.00 (2.98%)|
|1y Target Est||105.56|
DoorDash was valued at $4 billion in the deal that comes just five months after it raised $535 million in another round at a valuation of about $1.4 billion.
The companies reported weakness in memory WFE (wafer fab equipment) spending and acknowledged their exposure to the US-China trade war. Currently, the stocks are trading near or below their bearish target price. Cowen analyst Krish Sankar upgraded Applied Materials from $60 to $62. Sankar stated that investors have already priced in the memory weakness and lower revenue estimates from Display. The stock could increase from spending in the foundry and logic markets.
SAN JOSE, Calif., Aug. 16, 2018 /PRNewswire/ -- Excelero, a disruptor in software-defined block storage, announced that it received strategic investment funds from Western Digital Capital, the strategic investment fund of Western Digital Corp. This investment represents the fourth strategic player to invest in Excelero, including Micron and Qualcomm, and brings the total VC funds invested in Excelero to $35 million. Separate from the funding, Excelero and Western Digital have begun technical collaboration activities whereby the two firms are offering web-scale storage solutions to some of the world's largest, most demanding enterprises and service providers.
Cowen lowers its rating to market perform from outperform for Western Digital shares, predicting the storage provider will report profits below expectations next year.
MARKET PULSE Shares of Western Digital Corp. (wdc) are down 2.4% in premarket trading Wednesday after Cowen & Co. analyst Karl Ackerman downgraded the stock to market perform from ourperform. "We now expect WDC's NAND ASPs [average selling prices] should remain weaker and longer in duration than the industry and what is contemplated by investors," wrote Ackerman, who lowered his price target to $70 from $100.
Macy's M – The retailer earned an adjusted 70 cents per share for the second quarter, topping estimates, with revenue also beating forecasts. Comparable sales posted an unexpected rise of 0.5 percent, compared to forecasts of a 0.
HP (HPQ) has an expected market-cap-to-revenue ratio of 0.67x for fiscal 2018 and 0.67x for fiscal 2019. Its EV-to-revenue ratio is expected to be 0.69x in 2018 and 0.66x in 2019, while its EV-to-EBITDA ratio is expected to be 8.44x in 2018 and 7.91x in 2019.
In the previous part of this series, we saw that analysts expect HP’s (HPQ) revenue to rise 9.1% YoY (year-over-year) to $14.25 billion in the fiscal third quarter of 2018. Analysts have estimated a 6.6% YoY revenue growth in the fiscal fourth quarter as well, reflecting revenue growth of 10.7% in fiscal 2018.
NetApp (NTAP) has an expected market cap-to-revenue ratio of 3.45x for fiscal 2019 and 3.29x for 2020. The company’s EV-to-revenue (enterprise value-to-revenue) ratio is expected to be 3.03x in 2019 and 2.96x in 2020, while its EV-to-EBITDA ratio is expected to be 13.0x in 2019 and 12.0x in 2020.
Western Digital (WDC) intends to distribute $5.0 billion to its shareholders by repurchasing some of its shares. With the new repurchase program, Western Digital joins a growing list of technology companies that have lined up generous repurchase packages for their shareholders. Qualcomm (QCOM) is preparing to buy back up to $10.0 billion of its shares this month.
The data-storage specialist calls this an "excellent capital allocation opportunity to enhance long-term shareholder value."
As we’ve learned, analysts expect NetApp’s (NTAP) revenue to rise 7.4% YoY (year-over-year) to $1.42 billion in the fiscal first quarter of 2019. Analysts also expect the company’s revenue to rise 5.8% YoY to $1.51 billion in the fiscal second quarter of 2019 and 5.2% YoY to $6.22 billion in fiscal 2019.
High equity valuations have been a constant worry for investors, especially in the technology sector. While the S&P 500 Index (SPX) sports a forward P/E ratio of 17.6, the tech-heavy Nasdaq 100 Index (NDX) is even more expensive, trading at 21.
Western Digital Corp. (WDC) today announced that the board of directors declared a cash dividend for the quarter ending Sept. 28, 2018, of $0.50 per share of common stock (the "cash dividend"). The cash dividend will be paid on Oct. 15, 2018, to the company's stockholders of record as of Sept. 28, 2018. The amount of future dividends under the company's dividend policy, and the declaration and payment thereof, will be based upon all relevant factors, including the company's financial position, results of operations, cash flows, capital requirements and restrictions under the company's financing documents, and shall be in compliance with applicable law.
Yellowbrick Data claims that its flash-based data analytics platform delivers results from queries up to 140 times faster than competing products while occupying up to 30 times less data center space.
In a rough few days for FANG stocks before Tuesday’s boost, investors suddenly seem to have realized that stock valuations matters, even for tech superstars. The short answer is "not quite." The average forward P/E ratio of companies in the Nasdaq 100 index, the 100 largest non-financial companies listed on the tech-heavy Nasdaq Stock Market, remains a lofty 21.7, compared to 17.5 for the S&P 500, according to FactSet. Of course, not all tech companies are so pricey–but that discount is often justified.
Company to Deliver Featured Keynote and Demonstrate New Solutions for Big Data, Fast Data and Personal Data